Feds Raise Interest Rates 2024. — inflation moderated in the second quarter and the job market has continued softening, factors that will likely encourage the fed to cut interest rates in the coming months. — federal reserve officials left interest rates unchanged in their final policy decision of 2023 and forecast that they will cut borrowing costs three times in the coming year,.
— the federal reserve left its key interest rate unchanged at between 5.25% and 5.5% — the highest level in more than a decade — as annual inflation rates continued to stall. That will impact everything from credit card rates.
